Moody’s downgrades Telkom in line with SA’s sovereign rating
However, Moody’s also says Telkom has enough liquidity over the next 12-18 months with flexibility and sufficient levers to manage its cashflows
06 April 2020 - 11:47
Moody’s Investors Service has downgraded fixed-line operator Telkom in line with SA's recent sovereign rating downgrade.
On Monday, Telkom said Moody’s had downgraded its rating to Ba1 from Baa3 with a negative outlook. The rating action follows Moody’s recent decision to downgrade the SA sovereign rating...
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